REIT

MNACT reports lower full year DPU, but slight improvement for second half - THE EDGE SINGAPORE

Results

MNACT reports lower full year DPU, but slight improvement for second half

Mapletree North Asia Commercial Trust has reported a distribution unit for the year ended March 31 2021 of 6.175 cents per unit, down 13.3% from 7.124 cents, due to the impact of the pandemic.

REITs

Mapletree explores US$1 billion student housing REIT IPO

Mapletree Investments, a property developer and manager, is exploring listing a student housing real estate investment trust in Singapore that could raise about US$1 billion, according to people fa

Soilbuild REIT adjusts privatisation offer to 53.806 cents from 55 cents as previously stated - THE EDGE SINGAPORE

REITs

Soilbuild REIT adjusts privatisation offer to 53.806 cents from 55 cents as previously stated

Soilbuild REIT, on Feb 17, issued a scheme document revealing that it has reduced its privatisation offer to 53.806 cents per unit, from

Mapletree Commercial Trust reports 1.9% lower 3Q revenue; sees rebound in shopper traffic and tenant sales in update - THE EDGE SINGAPORE

Results

Mapletree Commercial Trust reports 1.9% lower 3Q revenue; sees rebound in shopper traffic and tenant sales in update

The manager of Mapletree Commercial Trust (MCT) has reported gross revenue of $348.7 million for the 3QFY2020/2021 ended December some 1.9% lower y-o-y.

Analysts positive on Sunpower Group's M&S divestment - THE EDGE SINGAPORE

Broker's Calls

Analysts positive on Sunpower Group's M&S divestment

UOB Kay Hian Research’s John Cheong and Clement Ho have maintained their “buy” call on Sunpower Group with a raised target price of $1.10, up from its previous target price of 92 cents. 

STI up 1.33% following vaccine rollout; positive outlook in 2021 - THE EDGE SINGAPORE

STI watch

STI up 1.33% following vaccine rollout; positive outlook in 2021

The Straits Times Index (STI) was up 1.33% or 37.47 points to 2,859.17 as at 1.13pm on Dec 14 amid the rollout of Covid-19 vaccines in Canada, the UK and the US.

Cromwell European REIT to buy 11 properties in Czech and Slovakia for $183.6 million - THE EDGE SINGAPORE

REITs

Cromwell European REIT to buy 11 properties in Czech and Slovakia for $183.6 million

Cromwell European REIT plans to buy 11 new logistics and light industrial properties in the Czech Republic and Slovakia for €113.2 million ($183.6 million) – slightly below an independent valuation

Ascendas REIT to list 133.9 mil preferential offering new units at $2.96 per unit - THE EDGE SINGAPORE

REITs

Ascendas REIT to list 133.9 mil preferential offering new units at $2.96 per unit

The manager of Ascendas REIT says the REIT will issue 133,948,782 preferential offering new units at $2.96 per unit, further to its announcement on Dec 3.

How should unitholders view the Sabana REIT and ESR-REIT merger?  - THE EDGE SINGAPORE

Corporate moves

How should unitholders view the Sabana REIT and ESR-REIT merger?

Sabana Shariah Compliant REIT has outlined five reasons why a merger with ESR-REIT would be beneficial for its unitholders. 

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